Market News
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Algeria to start construction of Bellara Steel Complex this year
Posted on :Tuesday , 3rd February 2015
Construction of the US$2 billion Bellara steel complex construction will kick off in the first quarter of this year 2015 in Jijel East of Algeria, the prefect of Jijel, Ali Bedrici has said.
The steel project will help the country to produce 4 million tons of steel per year in the second phase of construction, but is designed to first assist in producing 2 mil. . .Ole Sereni hotel to spend US$ 20m on expansion plans in Kenya
Posted on :Saturday , 31st January 2015
Ole Sereni, Kenya’s five-star hotel brand, has decided to embark on a US$ 20m expansion project starting February, this year.
Ole Sereni’s General Manager, Ghulam Samdani said that the new hotel would be located adjacent to the current one.He further pointed out that they have decided to expand because they have been. . .Kenya to complete construction of the US$186m Southern Bypass by July 2015
Posted on :Saturday , 31st January 2015
Kenya National Highways Authority (Kenha) has announced that construction of the US$ 186m Nairobi Southern Bypass is expected to be complete by July 2015.
Kenha Special Projects Manager, Paul Omondi confirmed the reports and further stated that the contractor, China Road and Bridge Corporation is working tirelessly to make sure that the road is complete soon a. . .Ultra Modern Stadium Planned in Kenya
Posted on :Saturday , 24th January 2015
Government in conjunction with Netherlands firm set to put up ultra modern stadia in three counties
Qalaa Invests in East Africa Cargo as China Builds Rail Link
Posted on :Thursday , 22nd January 2015
Egyptian private-equity company Qalaa Holdings SAE is investing $70 million to accelerate the movement of rail cargo carried from East Africa’s busiest port, as it faces competition from a new Chinese-backed link.
Qalaa controls Rift Valley Railways Ltd., the operator of a railway built almost a century ago running from Kenya’s Mombasa port to neighboring Uganda.Please Select an Option
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